Posts Tagged 1099
1099 REPEAL GETS SIGNED BY THE PRESIDENT
The President signed the repeal of HR 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.” The repeal of the 1099 requirements essentially takes us back to the requirements before passage of the health care law and the small business bill (in the case of the 1099 targeted at [...]
Top Ten Tax Deductions for Landlords
Posted by Jerry in Apartments, Legal on February 5, 2011
Learn about the many tax deductions available to rental property owners. Every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property. Rental real estate provides more tax benefits than almost any [...]
New 1099 Rules: President’s Speech Offers Hope for Some Relief; Exceptions for Rental Income Reporting Remain Vague
JANUARY 27, 2011 For small businesses that were dreading the thought of having to produce a Form 1099 for every payee to which they paid at least $600, President Barack Obama offered the prospect of relief in his State of the Union speech Jan. 25 when he said, “We can start right now by correcting [...]
New Rules Require Rental Property Owners to Issue 1099s
NOVEMBER 11, 2010 The recently enacted Small Business Jobs Act contained one provision that may have escaped the notice of taxpayers who own rental property, but will affect them starting in January. Under the provision, owners of property who receive rental income will be required to issue Forms 1099 to service providers for payments of [...]